TON Price Pumps After Telegram CEO Says Token Will Be Rebranded to Gram
Summary
Telegram is reviving its original crypto branding by renaming Toncoin to Gram while keeping The Open Network’s TON name. Pavel Durov said the change returns the project to its roots and marks a new phase for TON, with the rebranding expected to take about three weeks. The move follows Telegram’s deeper involvement in the network, including taking a larger role as TON’s driving force and validator, plus earlier changes like lower transaction fees and faster block production. Markets reacted positively: TON rose more than 13% in a day to around $2.12, briefly reaching $2.26. It is up about 58% over the past month, though still far below its 2024 peak of $8.25.
